Agility signed a memorandum of understanding
(MoU) with Saudi Railway Co. (SAR) today, Oct. 13, to explore the requirements for intermodal
storage, transportation, and processing facilities in Sudair City for Industry
and Businesses, near King Khalid International Airport.
Earlier
today, Agility Global PLC announced that one of its subsidiaries will launch
the final phase of its Agility Logistics Park expansion project in Riyadh at an
investment cost of SAR 250 million.
The
expansion will add 100,000 square meters (sqm) of warehousing space, bringing
the gross leasable area to 551,370 sqm. The first phase of the expansion project is expected to begin
operations by the end of Q1 2025, according to data available on Argaam.